PENGUIN Meme Coin Market Cap Surpasses $80 Million in a Short Period, Setting a New All-Time High

BlockBeats News, January 24th, according to GMGN monitoring data, the market value of the Solana-based Meme coin PENGUIN temporarily exceeded 80 million US dollars, currently reported at 78 million US dollars, with a current price of about $0.078, and a 24-hour increase of 550%.

This surge may be due to a tweet from the White House official X account stating "embrace the penguin," followed by Solana co-founder Toly retweeting the tweet and engaging with it. The sentiment around the Solana-based namesake Meme coin quickly heated up. Later, a16z co-founder Marc Andreessen tweeted at 11 am today to join the interaction. At 6 pm today, Binance Alpha listed PENGUIN, once again driving PENGUIN's further rise.

BlockBeats reminds users that Meme coin trading is highly volatile, largely driven by market sentiment and hype, with no actual value or use case. Investors should be aware of the risks.